Galaxy Digital (TSE:GLXY - Free Report) had its price objective upped by Stifel Nicolaus from C$20.00 to C$24.50 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Galaxy Digital Stock Down 2.8 %
Shares of GLXY stock traded down C$0.54 on Wednesday, reaching C$18.76. The company had a trading volume of 391,963 shares, compared to its average volume of 778,843. Galaxy Digital has a one year low of C$6.01 and a one year high of C$20.12. The stock has a market capitalization of C$2.34 billion, a PE ratio of 3.42 and a beta of 3.17. The business's 50-day moving average is C$16.54 and its 200 day moving average is C$15.24.
Insider Activity at Galaxy Digital
In other news, Director Erin Brown sold 10,000 shares of the company's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$18.00, for a total transaction of C$180,000.00. In other Galaxy Digital news, Director Erin Brown sold 10,000 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$18.00, for a total transaction of C$180,000.00. Also, Director Christopher Charles Ferraro sold 3,300 shares of the business's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$18.70, for a total value of C$61,709.67. 2.07% of the stock is owned by corporate insiders.
About Galaxy Digital
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Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.
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